The government has handed over Budhigandaki Hydropower Project to Nepal Electricity Authority to construct the 1,200-megawatt reservoir project within eight years of engineering, procurement, and construction model. The government has decided to construct the project utilizing domestic funds and technology.
Eleven days after scrapping the memorandum of understanding between the Ministry of Energy and China Gezhouba Group Corporation, the government authorized NEA to construct the project reports the Himalayan Times.
“We need a reservoir project and the government decided to construct the national pride project with domestic funds and technology,” said Deputy Prime Minister and Energy Minister Kamal Thapa. “Many concerns regarding the project were raised during this short time and the government has now taken a final decision regarding the project.”
The meeting of the Council of Ministers held today also formed a recommendation committee under the coordination of vice-chairman of National Planning Commission to analyze and recommend the financial model to construct the project. Finance secretary, the energy secretary, governor of Nepal Rastra Bank and joint secretary of International Economic Coordination Division of the Ministry of Energy are members of the committee and the managing director of NEA is the member secretary.